AWL Agri Business Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Published 5 Aug 2026 | Agricultural Food & other Products | Market Cap: ₹25.2K Cr

Food and FMCG business aims to maintain an average growth rate of over 20%. Food business will remain in growth/investment stage till FY '28; EBITDA margins expected to grow post FY '28.

From AWL Agri Business Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Price

188

Market Cap

₹25.2K Cr

P/E Ratio

21.4

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AWL Agri Business Ltd — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹21.5K Cr, net profit ₹293 Cr.

Full financials →

📊 Revenue & Sales Performance

  • Food and FMCG business aims to maintain an average growth rate of over 20%.
  • Edible oil industry expected to grow at 6-7%, with Adani Wilmar targeting 8-9% volume growth to consolidate market share.
  • New capacity at Gohana plant expected to significantly enhance volume, targeting around 625,000 tons per annum (food and oil combined).
  • Direct distribution reach aims to expand from 820,000 outlets to 1 million by FY '27.
  • Strong growth seen in alternative channels like e-commerce (41% growth) and quick commerce (81% growth).
  • Basmati rice market share is a work in progress; improvements expected with new integrated capacities.
  • Rural market demand showing signs of recovery post-monsoon, supporting volume growth.
  • HoReCa channel growing, now contributing close to INR600 crores annually.

📈 Profitability & Margins

  • Food business will remain in growth/investment stage till FY '28; EBITDA margins expected to grow post FY '28.
  • Post FY '28, target EBITDA margins: rice (~10%), wheat flour (6-7%), aiming to reach market benchmark levels in 3-4 years.
  • Food and FMCG segment targets average growth rate of 20%+ supported by capacity expansions like Gohana integrated plant (625,000 tons pa capacity).
  • Edible oil industry expected to grow at 6-7% volume; Adani Wilmar targets 8-9% volume growth to consolidate market share.
  • Edible oil EBIT per metric ton EBITDA range: INR3,750-3,800; food segment currently EBITDA neutral, improving after FY '28.
  • Company aims to reach INR10,000 crore Food & FMCG revenue by FY '27.
  • Direct distribution coverage to expand from 820,000 outlets to 1 million by FY '27, enhancing reach and volume growth.
  • Overall ROCE currently ~13%, with edible oil ROCE ~22%; food ROCE expected to improve as business matures.

🏗️ Capital Expenditure Plans

  • Adani Wilmar is investing in state-of-the-art chana processing plants, with three new plants (240 metric tons per day each) in Nagpur, Neemuch, and Kadi, Ahmedabad, aiming to become the largest chana processors in India.
  • They are setting up large rice processing units to improve and increase both domestic and export base.
  • Big plants for atta (wheat flour) are also being established, with plans for bigger capex next year to scale up as a large player.
  • The integrated food facility at Gohana, Haryana, with a capital outlay of about INR 1,300 crores (mainly funded through IPO), is nearly complete and expected to be fully operational by Q1 FY '26.
  • Gohana plant will enhance volumes, improve cost efficiency, and strengthen supply chain and distribution.
  • Food and FMCG segment will remain in growth/investment phase until FY '28, with margins expected to improve after that as market share scales up.

💰 Fundraising & Capital Structure

The provided pages from the Adani Wilmar Q3 FY '25 earnings call transcript do not explicitly mention any current or future plans for fundraising through debt or equity. However, some relevant information includes: - The Gohana integrated food facility project, with a capital outlay of approximately INR1,300 crores, is largely funded through the IPO proceeds. - There is no explicit mention of new equity or debt fundraising planned or considered in the near future. - Focus remains on organic growth, capacity expansion, and operational efficiencies funded from existing resources and IPO proceeds. In summary, no direct disclosures or indications of current or future fundraising via debt or new equity are provided in the transcript pages shared.

📋 Order Book & Pipeline

The provided document does not explicitly mention the current, expected order book, or pending orders for Adani Wilmar Limited. The focus is primarily on the company's financial performance, market share, capacity expansions, product pricing, distribution reach, and strategic initiatives in edible oils and food & FMCG business segments. There is no direct disclosure or reference to order book status or specific pending orders in the available pages.

Key Metrics

Frequently Asked Questions

What were AWL Agri Business Ltd Q3 FY25 results?

Food and FMCG business aims to maintain an average growth rate of over 20%. Food business will remain in growth/investment stage till FY '28; EBITDA margins expected to grow post FY '28.

What is AWL Agri Business Ltd share price analysis?

AWL Agri Business Ltd currently shows a neutral. The stock trades at a P/E of 21.4 with a market cap of ₹25,154 Cr. Investors should review the full earnings analysis for detailed insights.

Is AWL Agri Business Ltd planning capital expenditure?

Adani Wilmar is investing in state-of-the-art chana processing plants, with three new plants (240 metric tons per day each) in Nagpur, Neemuch, and Kadi, Ahmedabad, aiming to become the largest chana processors in India.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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